AI
Brooks Automation Posts Q4 Net Loss Compared To Profit Last Year;
Friday morning, Brooks Automation, Inc. (BRKS | charts | news | PowerRating),a provider of automation solutions and integrated subsystems to semiconductor and related industries, announced a fourth quarter loss hurt by charges and lower revenues. The company also provided guidance for first quarter of fiscal 2008.
The company said income from continuing operations for the fourth quarter ended September 30, 2007 amounted to a loss of $1.3 million, or a loss of $0.02 per share, compared to income from continuing operations of $10.8 million, or $0.14 per share for the fourth quarter of 2006.
Brooks said the net loss for the fourth quarter was $1.29 million or a loss of $0.02 per share compared with net income of $16.12 million or $0.22 per share in the prior year period.
Net income for the fourth quarter of fiscal 2007 included $7.5 million, or $0.11 per share relating to charges for the amortization of intangible assets and restructuring.
The company said pro forma net income for the third quarter of 2007 amounted to $6.18 million or $0.09 per share. 11 analysts, on average, expected quarterly earnings of $0.10 per share, according to a poll by Thomson Financial.
Brooks said operating loss for the quarter amounted to $5.14 million compared with operating income of $12.25 million in the year-ago period. Gross margin declined to 24% of sales or $39.98 million from 32.2% of sales or $60.06 million of sales in the corresponding period last year.
Revenues for the three-month period were $166.5 million, compared to revenues of $186.8 million in the fourth quarter of 2006, a decrease of 10.9%. 10 analysts had a revenue consensus estimate of $166.15 million for the quarter.
For the twelve month period income from continuing operations was $54.3 million, or $0.73 per share compared to prior year income from continuing operations of $22.3 million or $0.31 per share Revenues for fiscal 2007 were $743.3 million, up 22.4% from previous year revenues of $607.5 million.
Looking ahead, for first quarter of fiscal 2008, the company said it expects earnings per share are expected to be in the range of a loss of $0.04 per share to earnings of $0.04 per share on revenues to be in the range of $155.0 million to $165.0 million. Currently, 10 street analysts expect the company to earn $0.13 per share on revenues $165.18 million for the first quarter of fiscal 2008.
BRKS closed Thursday's regular trading session at $12.42.
http://www.tradingmarkets.com/.site/news/BREAKING%20NEWS/807140/
Friday morning, Brooks Automation, Inc. (BRKS | charts | news | PowerRating),a provider of automation solutions and integrated subsystems to semiconductor and related industries, announced a fourth quarter loss hurt by charges and lower revenues. The company also provided guidance for first quarter of fiscal 2008.
The company said income from continuing operations for the fourth quarter ended September 30, 2007 amounted to a loss of $1.3 million, or a loss of $0.02 per share, compared to income from continuing operations of $10.8 million, or $0.14 per share for the fourth quarter of 2006.
Brooks said the net loss for the fourth quarter was $1.29 million or a loss of $0.02 per share compared with net income of $16.12 million or $0.22 per share in the prior year period.
Net income for the fourth quarter of fiscal 2007 included $7.5 million, or $0.11 per share relating to charges for the amortization of intangible assets and restructuring.
The company said pro forma net income for the third quarter of 2007 amounted to $6.18 million or $0.09 per share. 11 analysts, on average, expected quarterly earnings of $0.10 per share, according to a poll by Thomson Financial.
Brooks said operating loss for the quarter amounted to $5.14 million compared with operating income of $12.25 million in the year-ago period. Gross margin declined to 24% of sales or $39.98 million from 32.2% of sales or $60.06 million of sales in the corresponding period last year.
Revenues for the three-month period were $166.5 million, compared to revenues of $186.8 million in the fourth quarter of 2006, a decrease of 10.9%. 10 analysts had a revenue consensus estimate of $166.15 million for the quarter.
For the twelve month period income from continuing operations was $54.3 million, or $0.73 per share compared to prior year income from continuing operations of $22.3 million or $0.31 per share Revenues for fiscal 2007 were $743.3 million, up 22.4% from previous year revenues of $607.5 million.
Looking ahead, for first quarter of fiscal 2008, the company said it expects earnings per share are expected to be in the range of a loss of $0.04 per share to earnings of $0.04 per share on revenues to be in the range of $155.0 million to $165.0 million. Currently, 10 street analysts expect the company to earn $0.13 per share on revenues $165.18 million for the first quarter of fiscal 2008.
BRKS closed Thursday's regular trading session at $12.42.
http://www.tradingmarkets.com/.site/news/BREAKING%20NEWS/807140/
Discover What Traders Are Watching
Explore small cap ideas before they hit the headlines.
